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RE: The benefits of inaction: a defense of a high SBD.

in #sbd6 years ago

If SBD isn't going to be pegged at $1 then there seems little point in it existing. It was supposed to be a hedge against STEEM price fluctuations after all. SBD should be working like Tether and USDT, backed by USD one for one. I want to know why that is the case as clearly only the increases in SBD is driving the spike in demand and price. Let's here's all the demand driven price increase in STEEM which makes sense. So that by fixing the pegging, or removing SBD entirely or using a fiat pegged coin that works eg. USDT.

Coin Marketplace

STEEM 0.31
TRX 0.11
JST 0.033
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SBD 4.16